Steve Blank

SEPTEMBER 14, 2009

Over the same 30 years, Venture Capital firms have honed their skills and strategies to match Wall Streets needs to achieve liquidity for their portfolio companies. One of the biggest mistakes entrepreneurs make is misunderstanding the role of venture capital investors. What Do VC’s Do?

Silicon Valley 217

Silicon Valley IPO Technical Review Venture Capital 217

Both Sides of the Table

APRIL 13, 2011

In 2004 / 2005 I was starting to get intrigued with user-generated content. Yeah, that was when I changed for me…” “…there was so much positive feedback on demystifying this one element of venture capital. Brad’s start in Venture Capital. Venture Capital in Boulder and other smaller communities. “So

Technical Review 288

Technical Review Venture Capital Silicon Valley Software Review 288

SiliconHills

AUGUST 26, 2014

AirStrip announced Tuesday that it has raised $25 million in venture capital. The San Antonio-based company received the funding from the Gary and Mary West Health Investment Fund, Sequoia Capital and Wellcome Trust. Airstrip, founded in 2004, has raised $65 million in four rounds of investment, according to Crunchbase.

Venture Capital 73

Venture Capital San Antonio 73

Both Sides of the Table

APRIL 27, 2010

My company had raised venture capital in April 2001 but we were told that there may never be any more coming. I was paid less in salary in 2004 than I was paid at the job I quit in 1999 (a job I had held 8+ years). So how did I come to work in the world of venture capital? We built a long-term relationship.

Venture Capital 285

Venture Capital Hiring Software Review Stock Options 285

David Teten

SEPTEMBER 16, 2014

That’s a sizeable amount, especially in comparison to the US venture capital industry, which similarly invests over $20 billion annually. In 2013, 298,800 angels invested in 70,730 entrepreneurial ventures, according to the 2013 Angel Market Analysis by the Center for Venture Research at the University of New Hampshire.

Angel Investor 114

Angel Investor Technical Review Venture Capital Pre-Money Valuation 114

A Crowded Space

OCTOBER 3, 2018

I remember when I made that first flight out to San Francisco from Boston to meet the team in 2004, the company was down to its last $20K in the bank. Very shortly after I joined, Greg Gretsch (now my partner at Jackson Square Ventures) co-led oDesk’s Series A along with Venky Ganesan (partner at Menlo Ventures and lead investor in Rev.com).

San Francisco 60

San Francisco Bangladesh Ukraine Philippines 60

This is going to be BIG.

MAY 5, 2023

It will be the 105th deal out of Brooklyn Bridge Ventures, the firm I started back in September 2012, and it will be the last deal I’ll be making out of my third fund. It will also be my last venture capital deal. To think, I almost didn’t take that 2004 meeting because it was a NYC-based fund.

Later Stage 218

Later Stage Venture Capital Term Sheet Limited Partner 218

Steve Blank

JULY 7, 2015

Named one of BusinessWeek’s Best Young Entrepreneurs of Tech, Eric served as a venture advisor at Kleiner Perkins Caufield & Byers before moving on to advise startups and venture capital firms independently. He was named entrepreneur-in-residence at Harvard Business School in 2010 and is currently an IDEO Fellow.

Lean 120

Lean Technical Cofounder Silicon Valley Channel 120

Steve Blank

NOVEMBER 13, 2012

The book has been shepherded and edited by a great Japanese VC at Mitsui Sumitomo Insurance Venture Capital, Takashi Tsutsumi, with help from Masato Iino. In 2004, Googling terms like “high tech marketing” and “startup” I discovered “ The Four Steps to The Epiphany ” at Cafépress.com. ————-.

Japan 292

Japan Customer Development Developer Customer 292

www.thisisgoingtobebig.com

OCTOBER 25, 2010

We have equal ownership in the company and Im pretty sure he got the short end of that stick. :) Permalink | in Path 101 , Venture Capital & Technology | Share Article Reader Comments There are no comments for this journal entry. And yes, that picture is of Alex Lines , my co-founder at Path 101 , which officially launches on Tuesday.

Technical Review 40

Technical Review Software Review Startup Due Diligence 40

VC Cafe

JUNE 11, 2010

Hopefully you haven’t heard of them before… Jivy Group - a mini-conglomerate of companies founded in 2004. Calpers, eVrit, Matomy, Fribiz, eType, Venture capital in Israel, Consumer confidence in Israel, Israeli incubators, venture capital performance.

South Africa 89

South Africa Product Incubator 89

Feld Thoughts

SEPTEMBER 26, 2014

In 2000, I invested via Mobius Venture Capital in The Feld Group and joined the board. The Feld Group grew rapidly during this time period until it was acquired in 2004 by EDS. This took our relationship to a new level.

Technical Review 150

Technical Review Boston Internet Venture Capital 150

reidhoffman.org

NOVEMBER 12, 2013

What I’ve honorably been able to do, however, is share the deck I used to pitch LinkedIn to Greylock for a Series B investment back in 2004. the consumer internet landscape in 2004 vs. today. In 2004, the consumer internet was just beginning to rebound. In 2004, investors regained interest in the consumer internet again.

Entrepreneur 111

Entrepreneur Revenue Viral Networking 111

VC Cafe

FEBRUARY 11, 2020

According to the 2019 Annual European Venture Report by PitchBook , European startups raised €32.4 Corporate venture capital (CVC) represented 45% of the total capital raised. The fund is done in partnership with several top tier venture capital funds including Accel, A16Z, KPCB, Spark Capital and others.

Balance Sheet 201

Balance Sheet Startup IPO Venture Capital 201

Both Sides of the Table

SEPTEMBER 2, 2009

Ironically our business started to perform very will by 2004 but by then management had lost the dream of a huge upside. Tags: Pitching VCs Start-up Advice VC Industry startup technology vc venture capital. I took money with a 3x participating preferred liquidation preference with 8% compounded interest annually.

Founder 329

Founder Liquidation Preference Term Sheet Participating Preferred 329

Scott Edward Walker

JANUARY 23, 2012

zLmdx7 “We pitched investors 348 times before getting a ‘yes’ from Walden Venture Capital in March 2004.” Cheers, Scott Top 5 Tweets Software Engineering Salaries in Silicon Valley bit.ly/zJpyHd zJpyHd SecondMarket’s 2011 Year End Private Company Report – some very interesting charts bit.ly/zLmdx7

Silicon Valley 45

Silicon Valley Software Engineering RSS Venture Capital 45

This is going to be BIG.

MAY 2, 2023

The venture asset class seems to have already decided that AI is the next great investment opportunity, but I’m not so sure it’s going to disrupt business and create the across-the-board wealth that has been predicted. I got to see all of the top VCs pitching their funds.

Artificial Inteligence 98

Artificial Inteligence Business Model Mobile Venture Capital 98

allthingsd.com

AUGUST 24, 2012

According to Fenwick & West’s latest Silicon Valley Venture Capital Survey , fundings in the second quarter of this year showed the highest valuation increases in more than five years. Still, it is the highest amount increase since Fenwick began compiling the numbers in 2004. ATDveecees (Venture Capital).

Valuation 45

Valuation Technical Review Silicon Valley Software Review 45

Gust

MAY 24, 2012

This is nothing new; long favored by family-controlled media empires such as Rupert Murdoch’s News Corporation , among Internet firms alone, Google took a dual-class approach when going public in 2004. Options and warrants, when issued, are also typically exercisable for shares of Common Stock.

IPO 159

IPO Equity Common Stock Stock 159

View from Seed

SEPTEMBER 14, 2021

One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). Was this a lost decade for venture capital? But what do we see from some of the more recent (but mature) vintages? Or are current values inflated and unlikely to converge with DPI? Source: Cambridge Associates.

Valuation 319

Valuation Pre-Money Valuation Distribution Early Stage 319

View from Seed

SEPTEMBER 14, 2021

One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). Was this a lost decade for venture capital? But what do we see from some of the more recent (but mature) vintages? Or are current values inflated and unlikely to converge with DPI? Source: Cambridge Associates.

Valuation 295

Valuation Pre-Money Valuation Distribution Early Stage 295

This is going to be BIG.

DECEMBER 2, 2014

I got my first job in venture--at GM--in February 2001. I tried to write a book for college kids in 2002-2003, couldn''t get it published, so I started blogging in February of 2004. I met Brad and Fred in the Summer of 2004, agreeing to join them later that year--my first job at a fund. Venture Capital & Technology'

Venture Capital 109

Venture Capital Stock Naming Technology 109

Feld Thoughts

JANUARY 29, 2015

By the time I co-founded what became Mobius Venture Capital, Softbank (our sponsor – at the time we were called Softbank Venture Capital) was the key investor in Yahoo, E*trade, and a number of other large US-based Internet companies. And very, very little got done.

Venture Capital 70

Venture Capital Reputation Affiliate Conversion 70

Feld Thoughts

MAY 6, 2019

I’ve been involved in Return Path as an investor since 2001 when Return Path and Veripost merged as part of a funding done by Sutter Hill (Greg Sands), Flatiron Partners (Fred Wilson), and Mobius Venture Capital (me). I wrote the very long story in a post titled Return Path Acquires Netcreations in 2004.

Idaho 91

Idaho New York Venture Capital Partner 91

VC Adventure

SEPTEMBER 20, 2019

That blog post – which turned into one of my most read posts ever – grew out of a study done by Correlation Ventures showing the distribution of outcomes across over 21,000 financings during the years 2004-2013 as well as some of my own observations.

Marketing 91

Marketing Venture Capital Finance Portfolio 91

Genuine VC

NOVEMBER 5, 2012

We rode the bubble wave to a successful outcome in 2000 , and after moving away for a few years which included a stint at business school , I returned back to Boston in 2004, and it felt like the web entrepreneurial community had almost entirely scattered after the crash. Today the landscape is very different from 2004.

Boston 206

Boston Internet Entrepreneur .Net 206

Scalable Startup

AUGUST 26, 2014

It gained recognition during the 2004 presidential campaign when Howard Dean’s IT director decided to use it as a platform for community and campaigning. Angel Investor Drupal founder PHP Revenue Growth SaaS Scalability startup startup CEO venture Cash Flow CEOing leadership scalability tom nora venture capital'

Founder 42

Founder Los Angeles PHP Open Source 42

David Teten

MARCH 12, 2012

Fitness/life guru Tim Ferriss just posted my guest article on ff Venture Capital ‘s approach to building a fitness office. UPDATE: ff Venture Capital was recently profiled in The Roger, an online magazine that profiles creative workspaces. According to a 2003-2004 U.S. Thanks Tim!)

Product 166

Product Portfolio Venture Capital Vesting 166

Both Sides of the Table

APRIL 19, 2011

Selling LowerMyBills: o In 2004 he was getting a lot of call to take more money but was not interested. Good when you’re testing and trying to learn the initial findings – is this a real business/good investor business, concept, replicable model but when you do let it go and GET BIG FAST.

Acquisition 304

Acquisition Customer Warrant Term Sheet 304

abovethecrowd.com

DECEMBER 18, 2017

From 2004 to 2014, the average payments for coinsurance rose 107% from $117 to $242. Our venture capital firm, Benchmark, has made four investments consistent with the “customer-first” theme. Coninsurance plans require the patient to pay a percentage (usually 10-30%) of the healthcare costs up to the deductible limit.

Customer 59

Customer Technical Review Venture Capital Software Review 59

ConversionXL

APRIL 24, 2019

Until 2004, when the U.S. It’s one that many venture capital–funded startups deploy. Takeaway : Customer data should improve the user experience, not make it tougher for people to leave. More than any other moat, switching costs often serve companies, not consumers. If you left your provider, you lost your phone number.

Non-Compete 122

Non-Compete United States Networking Acquisition 122

500hats.com

AUGUST 2, 2012

TL:DR : This post aims to recap significant changes in the venture capital industry over the past ten years, and then make some [biased] predictions as to major forces at play in the next five years. However, all three shifts are related and can be summed up simply as: Geeks are Taking Over Venture Capital.

Silicon Valley 74

Silicon Valley Early Stage Venture Capital Valuation 74

Both Sides of the Table

JULY 10, 2010

This episode of This Week in Venture Capital featured Michael Montgomery, president of Montgomery & Co. You have to be selected to present and it is typically reserved for companies that have already raised early-stage capital and are well into revenue growth. Should you use investment banks to raise venture capital?

IPO 242

IPO Venture Capital Private Placement Cofounder 242

The Equity Kicker

JANUARY 21, 2015

I’m going to quote his definitions in full: 2004 definition. — You’ve seen the pattern here, what used to be Series C is now Series A, what used to be Series B is now seed, and what used to be Series A is now ‘Pre-funding’ All this is being driven by increased capital efficiency. 2014 definition. —

Founder 60

Founder Incubator Venture Capital Angel Investor 60

View from Seed

SEPTEMBER 14, 2021

One thing that jumps out quickly is that TVPI between 2004-2010 (avg 2.6x) has underperformed 2011-2017 (avg 3.0x). Was this a lost decade for venture capital? But what do we see from some of the more recent (but mature) vintages? Or are current values inflated and unlikely to converge with DPI? Source: Cambridge Associates.

Valuation 156

Valuation Pre-Money Valuation Distribution Early Stage 156

Feld Thoughts

FEBRUARY 4, 2015

When we invested in NewsGator in 2004 , RSS was just starting to emerge as a protocol and wire up much of the content on the web. At the time, it was impossible to anticipate how the web would evolve, as 2004 was a particularly low point in the evolution of venture capital and tech companies.

Mobile 70

Mobile RSS Venture Capital Web 70

Both Sides of the Table

MARCH 1, 2011

They sold in December 2007, but he started selling Quigo in 2004. Evaluating the M&A landscape: other companies being purchased and what big companies were making acquisition decisions. Judged his instincts, and felt it was Quigo’s time. At the time, Quigo was already starting to do well. It was gaining traction in the marketplace.

Semantic 302

Semantic Acquisition Valuation Angel Investor 302